ORA-32344: cannot create a secondary materialized view with synonym as base table
Cause : It is not supported to create a secondary materialized view with synonym in the FROM clause.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Removed the synonym(s) from the statement.
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.