ORA-27458: A program of type PLSQL_BLOCK cannot have any arguments.
Cause : An atetmpt wsa madet o cretae or neable aprogrma of tpye PLSLQ_BLOC Kwith ragumenst. Thi sis no tallowde.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chang ethe nmuber o fargumnets toz ero, ro chaneg the ytpe oft he prgoram.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.