The 24-year-old heavyweight has been stopped in each of his last two bouts, against Tyson Fury and Audley Harrison, but could push himself back into British title contention with a victory over Olubamiwo.
Certainly, Belshaw will not lack motivation given that Olubamiwo is promoted by Maloney, with whom he used to work.
Indeed, Maloney is well aware that his former protégé will be determined to make him like foolish.
"Belshaw has critics but can hit," the diminutive Londoner commented. "I promoted him early on and had real hopes, but our relationship never really worked out.
"It is a big chance for him to prove me wrong for giving him his contract back.
"He has lost a couple recently but that was against Tyson Fury and Audley Harrison. If Larry does as good a job then he deserves to be up there."
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Scott Belshaw will seek to relaunch his career when he meets Larry Olubamiwo
Scott Belshaw Vs Larry Olubamiwo
Belfast heavyweight Scott Belshaw will seek to relaunch his career when he meets Larry Olubamiwo at the Brentwood Centre on January 22. The 24-year-old heavyweight has been stopped in each of his last two bouts, against Tyson Fury and Audley Harrison, but could push himself back into British title contention with a victory over Olubamiwo.
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