X server problem with new Nvidia driver inatallation

I installed nvidia-glx-new drivers due to a version mismatch between restricted drivers(version 1.0-9755) and nvidia-glx drivers(1.0-9631)
After I did a sudo nvidia-xconfig, x server failed to start and i get the following error

"Failed to Load 'wfb' (module does not exist,0)
NVIDIA(0): need libwfb but wfbScreenInit not found"
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Following is the contents of the xorg.conf

Section "Files"
 FontPath "/usr/share/fonts/X11/misc"
 FontPath "/usr/share/fonts/X11/cyrillic"
 FontPath "/usr/share/fonts/X11/100dpi/:unscaled"
 FontPath "/usr/share/fonts/X11/75dpi/:unscaled"
 FontPath "/usr/share/fonts/X11/Type1"
 FontPath "/usr/share/fonts/X11/100dpi"
 FontPath "/usr/share/fonts/X11/75dpi"
 # path to defoma fonts
 FontPath "/var/lib/defoma/x-ttcidfont-conf.d/dirs/TrueType"
EndSection

Section "Module"
 Load "i2c"
 Load "bitmap"
 Load "ddc"
 Load "dri"
 Load "extmod"
 Load "freetype"
 Load "glx"
 Load "int10"
 Load "vbe"
EndSection

Section "InputDevice"
 Identifier "Generic Keyboard"
 Driver "kbd"
 Option "CoreKeyboard"
 Option "XkbRules" "xorg"
 Option "XkbModel" "pc105"
 Option "XkbLayout" "us"
EndSection

Section "InputDevice"
 Identifier "Configured Mouse"
 Driver "mouse"
 Option "CorePointer"
 Option "Device" "/dev/input/mice"
 Option "Protocol" "ImPS/2"
 Option "ZAxisMapping" "4 5"
 Option "Emulate3Buttons" "true"
EndSection

Section "InputDevice"
 Driver "wacom"
 Identifier "stylus"
 Option "Device" "/dev/input/wacom"
 Option "Type" "stylus"
 Option "ForceDevice" "ISDV4" # Tablet PC ONLY
EndSection

Section "InputDevice"
 Driver "wacom"
 Identifier "eraser"
 Option "Device" "/dev/input/wacom"
 Option "Type" "eraser"
 Option "ForceDevice" "ISDV4" # Tablet PC ONLY
EndSection

Section "InputDevice"
 Driver "wacom"
 Identifier "cursor"
 Option "Device" "/dev/input/wacom"
 Option "Type" "cursor"
 Option "ForceDevice" "ISDV4" # Tablet PC ONLY
EndSection

Section "Device"
 Identifier "Generic Video Card"
 Driver "nvidia"
 BusID "PCI:1:0:0"
EndSection

Section "Monitor"
 Identifier "Generic Monitor"
 Option "DPMS"
 HorizSync 28-96
 VertRefresh 43-60
EndSection

Section "Screen"
 Identifier "Default Screen"
 Device "Generic Video Card"
 Monitor "Generic Monitor"
 DefaultDepth 24
 SubSection "Display"
  Depth 1
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
 SubSection "Display"
  Depth 4
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
 SubSection "Display"
  Depth 8
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
 SubSection "Display"
  Depth 15
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
 SubSection "Display"
  Depth 16
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
 SubSection "Display"
  Depth 24
  Modes "1920x1440" "1920x1200" "1856x1392" "1792x1344" "1680x1050" "1600x1200" "1440x900" "1400x1050" "1280x1024" "1280x960" "1280x854" "1280x800" "1280x768" "1200x800" "1152x864" "1152x768" "1024x768" "800x600" "640x480"
 EndSubSection
EndSection

Section "ServerLayout"
 Identifier "Default Layout"
 Screen "Default Screen"
 InputDevice "Generic Keyboard"
 InputDevice "Configured Mouse"
 InputDevice "stylus" "SendCoreEvents"
 InputDevice "cursor" "SendCoreEvents"
 InputDevice "eraser" "SendCoreEvents"
EndSection

Section "DRI"
 Mode 0666
EndSection
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
i will be grateful for any solutions/suggestions that I can get