Element &1 is invalid or has incorrect type

What causes this issue?

It was determined when checking a data container that the obligatory
element '&V1&' is invalid or blank.
This is possibly due to a Customizing error.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Contact your system administrator specifying the error situation
concerned.

Error message extract from SAP system. Copyright SAP SE.