Here I have my example which works just fine:
declare
ex number;
begin
select MAX(MAX_FK_ID) + 1 into ex from TABLE;
If ex > 0 then
begin
execute immediate 'DROP SEQUENCE SQ_NAME';
exception when others then
null;
end;
execute immediate 'CREATE SEQUENCE SQ_NAME INCREMENT BY 1 START WITH ' || ex || ' NOCYCLE CACHE 20 NOORDER';
end if;
end;