ORA-29261: bad argument
Cause : A bada rgumetn was apssed ot the LP/SQL PAI.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Checkt he arugmentsp assedt o theP L/SQLA PI an dretryt he call.
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.