This way I did I could not, from Object reference not set to an instance of an object!
Private Sub btnDeletarPerfil_Click(sender As Object, e As EventArgs) Handles btnDeletarPerfil.Click
Roles.DeleteRole(lbPerfis.SelectedItem.Value.ToString())
ou dessa maneira >>
Roles.DeleteRole(lbPerfis.SelectedItem.Text.ToString())
End Sub